Fringe Benefit Tax. By accepting this option and participating in the Plan, the Employee consents and agrees to assume any and all liability for fringe benefit tax that may be payable by the Employee or the Employer in connection with the Plan upon request of the Corporation and at the Corporation’s sole discretion. The Employee understands that the grant of the Award and participation in the Plan is contingent upon his or her agreement to assume liability for fringe benefit tax payable on the shares of common stock acquired under the Plan if the Corporation so requests. Further, by accepting this Award and participating in the Plan, the Employee agrees that the Corporation and/or the Employer may collect fringe benefit tax from the Employee by any of the means set forth in the Acknowledgment of Conditions section of the Award Agreement or any other reasonable method established by the Corporation. The Employee also agrees to execute any other consents or elections required to accomplish the foregoing, promptly upon request of the Corporation.
Fringe Benefit Tax. By accepting the grant of the Option and participating in the Plan, the Awardee consents and agrees to assume any and all liability for fringe benefit tax that may be payable by the Company and/or the Employer in connection with the Option. The Awardee further understands that the grant of the Option and participation in the Plan is contingent upon the Awardee’s agreement to assume liability for fringe benefit tax payable on the Option. Further, by accepting the grant of the Option and participating in the Plan, the Awardee agrees that the Company and/or the Employer may collect the fringe benefit tax from the Awardee by any of the means set forth in the Responsibility for Taxes section of the Award Agreement or any other reasonable method established by the Company. The Awardee also agrees to execute any other consents or elections required to accomplish the foregoing, promptly upon request by the Company.
Fringe Benefit Tax. By accepting the Award of Restricted Stock Units pursuant to the Agreement, Xxxxxxx consents and agrees to satisfy any liability for fringe benefit tax that may be payable by the Company and/or the Employer in connection with the Restricted Stock Units. Xxxxxxx understands that the Award is contingent upon the Grantee agreeing to assume liability for fringe benefit tax payable on the Award. Further, by accepting the Award of Restricted Stock Units, Xxxxxxx agrees that the Company and/or the Employer may collect the fringe benefit tax from Grantee by any of the means set forth in Section 7 of the Agreement or any other reasonable method established by the Company. Xxxxxxx also agrees to execute any other consents or elections required to accomplish the foregoing, promptly upon request of the Company. Xxxxxxx understands that he or she must immediately repatriate to India any proceeds from the sale of Shares acquired under the Plan and any dividends received in relation to the Shares, and convert the funds into local currency within a reasonable time of receipt. Grantee must obtain a foreign inward remittance certificate (“FIRC”) from the bank where the foreign currency is deposited and maintain the FIRC as evidence of the repatriation of funds in the event the Reserve Bank of India or the Employer requests proof of repatriation. To participate in the Plan, Grantee must comply with exchange control regulations in Italy. Exchange control reporting is required if Grantee transfers cash to or from Italy in excess of €10,000 or the equivalent amount in U.S. dollars. Grantee may be exempt from this formality if the payments are made through an authorized broker resident in Italy, as that entity would comply with the reporting obligation. In addition, exchange control reporting is required if Grantee holds foreign investments outside of Italy in excess of €10,000 or the equivalent amount in U.S. dollars. If reporting is required, it must be done on Grantee’s individual tax return.
Fringe Benefit Tax. By accepting the Restricted Stock Units, Participant shall be deemed to acknowledge that he or she has carefully read and understands and agrees with the Award Agreement and the Plan, including without limitation the Company’s Obligation to Pay; Withholding of Taxes and the Nature of Grant sections of the Award Agreement. Further, Participant agrees that none of the terms and/or conditions of the Award Agreement or the Plan are imbalanced or harmful to him or her, and unconditionally and irrevocably waives any rights to amend or dispute the validity of any of the terms and/or conditions of the Award Agreement or the Plan, or to request any court to do the same, on the basis of any law or regulation of Estonia or any other jurisdiction. By accepting the Restricted Stock Units, Participant agrees and consents to a reduction in the number of Shares otherwise issuable to him or her upon vesting of the Restricted Stock Units in an amount determined by the Company to be appropriate to offset the additional tax cost to the Company or the Employer resulting from the imposition of the employer fringe benefit tax on the Restricted Stock Units. Participant further agrees to any other reasonable method adopted by the Company to recoup from the Restricted Stock Units this additional tax cost. Participant agrees to execute any other consents, elections or other documents to accomplish the foregoing, promptly upon request by the Company.
Fringe Benefit Tax. In accepting this Option, you consent and agree to satisfy any liability for fringe benefit tax that may be payable by the Company and/or the Employer in connection with the Option pursuant to Section 115WB(1)(d) of the Indian Income Tax Act 1961, as amended by the Finance Act 2007, provided however that the amount for which you shall be liable shall be the lower of (i) the amount of fringe benefit tax payable by the Company and/or the Employer, and (ii) 33.99% (or any other applicable fringe benefit tax rate) of the difference between the Fair Market Value of the Shares on the exercise date and the Exercise Price. Further, by accepting this Option, you agree that the Company and/or the Employer may collect the fringe benefit tax from you by any of the means set forth in Section 10 of this Agreement. You further agree to execute any other consents or elections required to accomplish the above, promptly upon request of the Company.
Fringe Benefit Tax. By accepting the Option and participating in the Plan, the Optionee consents and agrees to assume any and all liability for fringe benefit tax that may be payable by the Optionee or the Employer in connection with the Plan. The Optionee understands that the grant of this Option and participation in the Plan is contingent upon the Optionee’s agreement to assume liability for fringe benefit tax payable on the exercise of the Option. Further, by accepting this Option and participating in the Plan, the Optionee agrees that the Company and/or the Employer may collect fringe benefit tax from the Optionee by any of the means set forth in Section 4 of the Agreement or any other reasonable method established by the Company. The Optionee also agrees to execute any other consents or elections required to accomplish the foregoing, promptly upon request of the Company.
Fringe Benefit Tax. By accepting the grant of the Option, Participant consents and agrees to assume any and all liability for fringe benefit tax that may be payable by the Company or the Employer in connection with the Option. Further, by accepting the grant of the Option, Participant agrees that the Company and/or the Employer may collect the fringe benefit tax from Participant by any of the means set forth in the section of the section II.F of the Option Agreement. Participant further agrees to execute any other elections or other forms required to accomplish the above, promptly upon the Company’s request.
Fringe Benefit Tax. By accepting the grant of the Restricted Stock Units, the Employee consents and agrees to assume any liability for fringe benefit tax that may be payable by the Company and/or the Employer in connection with the Restricted Stock Units. Further, by accepting the grant of the Restricted Stock Units, the Employee agrees that the Company and/or the Employer may collect the fringe benefit tax from the Employee by any of the means set forth in paragraph 8 or any other reasonable method established by the Company. The Employee further agrees to execute any other consents or elections required to accomplish the above, promptly upon request of the Company.
Fringe Benefit Tax. Except as otherwise determined by the Administrator, Optionee agrees to reimburse or pay the Company (or its Subsidiaries, as directed by the Subsidiary) in full, any liability that the Company or its Subsidiary incurs towards any fringe benefit tax (“FBT”), social tax, or other tax paid or payable in respect of the grant, vesting, delivery, or exercise of the Option or the allotment/transfer of underlying Shares, within the time and in the manner prescribed by the Company or its Subsidiary. The Administrator may in its sole discretion determine whether the FBT with respect to the Option or its underlying Shares will be paid by selling a portion of vested Shares or by direct payment from the Optionee to the Company, by withholding cash proceeds from sale to a third party or a number of Shares upon exercise with a Fair Market Value equal to the FBT liability, some other method, or by some combination thereof. Optionee agrees to execute any additional documents requested by the Company or its Subsidiary for the reimbursement of such taxes to the Company. The Optionee grants to the Company and its Subsidiary the irrevocable authority, as agents of Optionee and on his or her behalf, to sell, retain or procure the sale of sufficient Shares subject to the Option so that the net proceeds receivable by the Company or its Subsidiary are as far as possible equal to but not less than the amount of any tax the Optionee is liable for (including FBT reimbursement obligations pursuant to the preceding paragraph) and the Company or its Subsidiary shall remit any balance to Optionee. Optionee acknowledges and agrees that the Company may refuse to deliver Shares upon exercise of the Option if Optionee has not made appropriate arrangements with the Company or its Indian Subsidiary to satisfy the FBT.
Fringe Benefit Tax. Except as otherwise determined by the Administrator, Employee also agrees to reimburse or pay the Company (or its Subsidiary, as directed by the Indian Subsidiary) in full, any liability that the Company or its Subsidiary incurs towards any fringe benefit tax (“FBT”), social tax, or other tax paid or payable in respect of the grant, vesting, delivery of the RSU or allotment/transfer of the underlying Shares, within the time and in the manner prescribed by the Company or its Subsidiary. The Administrator may in its sole discretion determine whether the FBT with respect to the RSU or its underlying Shares will be paid by selling a portion of vested Shares or by direct payment from the Employee to the Company, by withholding cash proceeds from sale to a third party or a number of Shares upon vesting with a Fair Market Value equal to the FBT liability, some other method, or by some combination thereof. Employee agrees to execute any additional documents requested by the Company or its Subsidiary for the reimbursement of such taxes to the
